The National Association of Realtors estimates that 18% of all new homes bought are by single women, representing the fastest growing segment in the real estate market. The Joint Center for Housing says the reason for this is; the desire to own a home, a need to change the home size, or to be closer to family, job or school. Three out of four new home purchases are under $200,000, and single women are looking for two or more bedrooms. While location and quality of neighborhoods takes on a higher priority, single … [Read more...]
Home Buyers Are Getting Off Of The Fence
February 4, 2009 by Leave a Comment
The National Association of Realtors reported Tuesday that Pending Home Sales ticked higher in December 2008. A "pending home sale" is a home under contract to sell, sometimes referred to as "in escrow", but not yet closed. The group positions Pending Home Sales report as a predictor of future activity, suggesting that home sales will spike 60 days hence. This is good news for the economy. However, despite the Pending Home Sales report's correlation to the actual number of homes sold in the future, that … [Read more...]
